Banking & Finance

NDB lends US$16.6bn to 55 projects Finance Minister Nirmala Sitharaman has commended the contribution of New Development Bank (NDB) in funding the infrastructure development, which has positively impacted the development agenda of the member countries, including India. NDB has approved...

Build strong partnership, says Envoy Indian companies have been urged to focus on the robust telecom sector in Nigeria where a multi-billion-dollar New National Broadband Programme is being implemented. The call was made by Abhay Thakur, High Commissioner of India...

Industries want proper implementation of measures The government is exploring new financial lending institutions to support small-scale units in terms of financial support while restructuring of 6 lakh MSMEs till March 2020 have been done and additional 25 lakh units...

Identify niche markets and products, says Prabhu Indian exporters expect Reserve Bank of India (RBI) to create an external market sensitive credit facility through banks and consider private sector lending for exporters. Making the exporters’ call former Commerce and Industry...

Framework for liquidity constraints The Cabinet has approved on 20 May 2020 a Finance Ministry proposal to launch a new Special Liquidity Scheme for Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs) to improve liquidity position of the NBFCs/HFCs....

Tech focus on Mass Market Retail Banking Ujjivan Small Finance Bank Limited expects the mass market to show resilience and recover strongly from the coronavirus pandemic that led to massive closure of the Indian economy. “Economic package announced by Government...

CII wants due payments cleared Banks should provide additional reconstruction term loans to MSMEs impacted by the lockdown-COVID-19, with the Government offering a guarantee of up to 20% of the default. This is among the Confederation of Indian Industry’s (CII)...

Govt urged to support battered segments Direct listing on foreign stock exchanges is a long-standing demand, reiterated FICCI in its call on the government for additional support to battered Indian businesses. It will help companies in new business areas and...

Strong protection system is critical, says Khare The World Bank is providing a US$750 million of US$1 billion proposed for Accelerating India’s COVID-19 Social Protection Response Programme to support India’s efforts at providing social assistance to the poor and vulnerable...

Aspiration: To Be Gold Price-Setter For sustainable growth and development, India has to strengthen its services sector, particularly financial services and technology, writes V Balasubramaniam, MD & CEO, India INX V. An IFSC will be an important catalyst in this...